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Rent to Own Miami, Broward, Palm Beach Florida

Rent to Own Miami, Broward Palm Beach Florida

Features and benefits of a Lease with Option to Purchase transaction

A Lease with an Option to purchase is the quickest, easiest and least expensive way to buy, sell or invest in South Florida real estate. Renting to own  replaces the typical adversarial relationship that usually exists between Florida buyers and sellers with a win-win method of transferring real estate ownership. As a result, it is highly sought after by those who know and understand the powerful features and benefits of a lease option contract.

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Rent TO Own Buyer Benefits

If you are in the market to buy a Florida home, you are probably aware of the advantages home ownership provides which include tax shelter, amortization appreciation. If you are actively seeking South  homes for sale in Miami, Broward County or Palm Beach County FL on a Lease Option agreement, you either (A) You are a very smart real estate investor,  (B) You cannot purchase a home through conventional means, (C) are not ready to make a commitment, (D) a combination of the above.

The Lease option contract provides you with many features and benefits, but perhaps the most powerful benefit for homebuyers is the rate at which you accumulate equity. If you Compare any mortgage lender’s loan amortization schedule to that of a lease option contract and you’ll quickly see that the Lease w option to Purchase contract pays down debt at twice the rate. Moreover, the buying power of a Lease W Option contract can quickly and easily land you a South Florida home that you would never qualify for the conventional way.

Here are some features and benefits for the Rent To Own Homebuyer:

·         Minimum Cash Out of Pocket: When you rent to own a home in Miami, Broward County or Palm Beach County you must pay at least 5% down plus closing costs and prepaid. When you buy with a Lease with option to purchase, you only pay first month’s rent and a small option deposit. This will save you between 25% and 85% every time you buy a home.
Faster Equity Growth: Equity accumulates much faster (five times or more!) than with conventional financing through a bank or lender.
Rent Money is Working Toward the Purchase of the Miami, Broward County or Palm Beach County Home: Every month a portion of your rent payment (typically 0-0, depending on the home) is credited towards your down payment or off of the sales price.
Frequently No Down Payment at Closing: Since you have given the seller an option deposit and you have been receiving monthly rent credits, there will frequently be very little or nothing left to pay for a down payment at closing.
Profits from Appreciation: Since the sales price is locked in before closing (as specified in your agreement), any increase in property value will mean that your equity (what you owe minus what it’s worth) is increasing in the home .
Possible Assignment or re Sale of Contract for a Profit: As a rent to own homebuyer are allowed to assign your option (it will be in your agreement), you may assign it (sell it) to a third party for a profit.
Increased Buying Power: When you buy a Lease option a Florida home, you can put down as little as first month’s rent and a 3% option deposit Compare that to a typical Florida bank or mortgage lender who requires 5-20% down plus closing costs and prepaids.
Credit Problems are Okay: Qualification restrictions simply do not exist. You will be approved at the sole discretion of the seller.
No Lengthy Escrows or Mortgage Approvals: Your approval will be based solely at the discretion of the seller instead of a lender who can take up to a month (or longer) to render a decision.
Control of the Home: You will be put in full legal control of the home for a specified period of time without actually having to own it.
You Have No Taxes and  Less Liability: Since you do not own the Florida home (yet), you will not have to pay property taxes and your liability exposure will be dramatically reduced.
Quick Move In Time: You can typically take possession of the Florida home in less than one week instead of conventional move in times of one to three months after your offer was accepted.
Maximum Leverage when you RentToOwnCorp.com: You are spending very little (or no) money to control a very expensive, and very profitable, piece of real estate.
Time: Before you actually buy the Florida home, you will have 6-24 months (depending on your agreement) to repair your credit, find the best interest rates, investigate the home and research the neighborhood and/or schools.
Minimal Maintenance: Large maintenance problems or any maintenance problems that exceed a certain amount of money are delegated to the seller.
Privacy: Your name will not be on the deed until you exercise your option to buy.
Option Consideration is Credited Towards the Purchase of the Florida Home: When you sign a Lease and Option contract, you will pay the seller an option deposit. This money is your vested interest in the home and will be fully (100%) credited to you when you buy the home.
Peace of Mind: You will have full control of the Florida home and can maintain it or improve it however you wish.
Sell a Miami, Broward County or Palm Beach County FL Home By Lease Option

www.RentToOwnCorp.com

Home Seller/Landlord Benefits

For a South Florida home seller that does not need much cash up front (,000- ,000), the best way to get your full asking price and a higher than average monthly rent for your South Florida home is to sell it on a lease option contract. Since you are offering a huge value and attractive financing to assist the tenant/buyer, they tend to be willing to pay a higher sales price and higher than average monthly rent. Tenant/buyers can easily understand the concept of trading price for time and value.

Here are some features and benefits for the landlord/seller:
Top Sales Price, Even if Demand is Low for Your Home: You attract more buyers who are willing to pay a premium because of the exclusive financing terms and value you’re offering.
Higher than Usual Rent: Since you are flexible on your financing terms and are offering a tremendous value, you can demand a higher than usual rent.
Positive Cash Flow: Since you can demand a higher than usual rent, your positive cash flow will increase.
Non-Refundable Option Consideration Up Front/Minimum Risk: When a tenant/buyer executes (signs) a Lease 2 Purchase contract, you receive an non-refundable option deposit that is yours to keep should they default or decide not to buy.
No Realtor Commissions: Since you are selling your home by owner, you will avoid paying a 6-10% realtor commission which can add up to thousands of dollars. You will also save on advertising costs because your home will be sold more quickly.
Attraction of the Highest Quality Tenants: Because you are renting to tenants who have a vested interest in your home, they think like homeowners and tend to take good care of it.
No Maintenance, No Landlording: Tenants who have a vested interest and believe they are a homeowner may feel a “pride of ownership” that encourages them to pay on time, perform maintenance and make improvements to your home (See the I Am Landlord/Seller Agreement in APPENDIX E).
Tax Shelter is Maintained: Because you remain on the deed until the option is exercised, you maintain all of the tax benefits of ownership.
Larger Market of Buyers: You are marketing your home not only to traditional buyers, but also to renters and investors. These three groups make up over 85% of people seeking to buy real estate.
No Long Vacancies: When you advertise your home as a Lease 2 Purchase your phone will literally ring off the hook. Typical turnover time is days or weeks instead of months or years.
Peace of Mind: It is safer than conventional rentals because of the quality of the tenants and their vested interest in your home. It also means that someone is living on-site who will watch and guard your home against fire, theft, vandalism, etc

To sell a home with lease option visit www.RentToOwnCorp.com

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